Compare Today’s Refinance Rates for Madison, New Jersey

Pureloan analyzes refinance lenders to give you the best real-time home refi rates for Madison, New Jersey 07940. Search for lower interest rates, cash-out refi, or a home equity loan. For 30-year amortization refinancing in Madison and other areas of Morris county, expected lifetime cash savings are $12,445 or $35 / month.

For Madison, New Jersey 07940, Pureloan’s search engine analyzes all refi loan options including positive equity refinancing, short home refinancing, and HELOC.

30 Year Fixed Mortgage Rates Customized for April 21, 2021

Today's 30 Year Fixed Mortgage Rates

Summary of Average Refinance Terms in Madison, New Jersey 07940

Rate

APR

Expected Savings

Monthly Payment

Total Closing Costs

Customized Refinance Rate Projections for Madison, NJ

Source: Fannie Mae and Freddie Mac


For refinance rate forecasts and predictions in Madison, NJ 07940, Pureloan has created an interactive chart to track the 5 largest local lenders for refi's and cash-out's. Historical rates are based on closed refinancings, and projections are based on proprietary modeling.

Local Refinance Rates for Madison, NJ

Refinance Rates for Madison, New Jersey 07940 from 2013 - 2020

Below are historical data on refinancing in Madison, New Jersey and around Morris county based on loan type, credit score, LTV and other parameters. This data is produced from actual closed home refinancings.

2013 2014 2015 2016 2017 2018 2019 2020
% 30 year fixed refinance 53.29% 41.87% 51.91% 49.80% 50.76% 60.83% 53.97% 41.46%
avg refi rate 4.84% 4.43% 3.86% 3.64% 4.49% 4.00% 3.81% 3.90%
% 15 year fixed refinance 33.03% 39.73% 33.23% 37.96% 37.06% 26.73% 36.36% 42.68%
avg refi rate 4.28% 3.77% 3.25% 2.94% 3.51% 3.21% 3.06% 3.06%
Avg credit score 767.67 767.56 769.51 765.74 752.54 758.16 761.08 757.24
Avg LTV (loan to value) 56.90% 58.52% 59.31% 60.10% 65.06% 65.47% 64.89% 62.02%
Avg DTI (debt to income) 29.81 31.32 30.56 30.81 33.28 32.83 31.97 33.07
Avg refinance insurance % 0.50% 0.93% 0.81% 1.46% 2.16% 2.31% 1.80% 1.97%

Data produced from the Financial Report of the US Government

Best Refinance Brokers Around Madison, New Jersey 07940

Whether you are looking to refinance your existing mortgage or obtain a cash-out refi in Madison, New Jersey 07940, we have compiled a list of the leading refinance brokers to guide you.

Name
Address
Contact

Matthew Keane

Branch Manager

14 Main St # 201

Madison, NJ 07940

(973) 295-6478

matt.keane@guaranteedrate.com

Chuck Reed

Mortgage Loan Originator

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ 07940

(973) 532-8745

creed@remn.com

Frank Montufar

Mortgage Loan Originator

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ 07940

(973) 532-8745

fmontufar@remn.com

Thomas Schindler

Mortgage Loan Originator

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ 07940

(973) 532-8745

tschindler@remn.com

Andrew Cameron

Mortgage Loan Originator

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ 07940

(973) 532-8745

acameron@remn.com

Address

14 Main St # 201

Madison, NJ

Contact

(973) 295-6478

Fax (301) 639-0804

matt.keane@guaranteedrate.com

Address

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ

Contact

(973) 532-8745

Fax (301) 639-0804

creed@remn.com

Address

240 Cedar Knolls Rd Ste 303

Cedar Knolls, NJ

Contact

(973) 532-8745

Fax (301) 639-0804

fmontufar@remn.com

Refinancing News for Madison, New Jersey 07940